CPB Inc., Honolulu, said Shunichi Okuyama, a managing director of Sumitomo Bank Ltd., has been elected to the CPB board and that of its Central Pacific Bank.

Sumitomo owns about 13% of CPB Inc. Mr. Okuyama is in charge of the Japanese company's international banking group.

At $1.4 billion-asset CPB he is to fill the unexpired terms of Kensuke Hotta, who was promoted to deputy president of Sumitomo.

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